Qualifying Equity definition

Qualifying Equity means any Equity Interest other than Disqualified Stock issued by Company after the Effective Date.
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Qualifying Equity means voting stock or other voting interest which is granted to SYSTEM, directly or Indirectly, (i) during the formation of a QSE in exchange for contributions by SYSTEM to such formation; (ii) in exchange for sponsored research or consulting performed by SYSTEM for a QSE; (iii) in exchange for the grant of rights in intellectual property by SYSTEM; or (iv) one or more of the foregoing. However, the discount referred to in this Article 4 shall not qualify as a contribution for which voting stock or another voting interest is granted if it is the sole such contribution.
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Qualifying Equity means any Equity Interest other than Disqualified Stock issued by Company after the Closing Date.
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Examples of Qualifying Equity in a sentence

  • The Borrower shall make such mandatory prepayment within five (5) Business Days after the date of the issuance of such Qualifying Equity Securities unless the Lender has previously notified the Borrower of its decision to waive such prepayment.

  • The reference to “corresponding” in this Section 9.02(d) means that the Securities are delivered or exercised, as applicable, in the proportions specified in the definition of Qualifying Equity in Section 9.02(b).

  • If any Non-Participating Holder so elects, such Non-Participating Holder shall no longer be required to exercise its Warrants and Section 9.02(b)(2) shall immediately apply to all Qualifying Equity held by it.

  • After the occurrence of a Qualifying Equity Financing, Lender shall have no obligation to make any advance of any kind to Borrower under this Note.

  • Borrower shall provide the Bank and Lender with at least 30 days prior written notice of the closing of any Qualifying Equity Financing, delivered to the address for such party last shown on the records of Borrower or given by such party to Borrower for the purpose of notice.

  • Na splošno so imele vse delegacije naslednje težave:- pristojnosti glede ukrepov za kakovost zraka so nejasne,- ni specifičnega nacionalnega cilja glede kakovosti zraka za območje Alp,- prav tako ni specifičnih ciljev za sektorje, še posebej za promet (delež onesnaženja, ki ga specifično povzroča promet, je zelo težko ugotoviti).

  • Notwithstanding the provisions of Sections 9.02(a) and 9.02(b), any Noteholder (a “Non-Participating Holder”), by written notice delivered to the Issuer within 10 calendar days after receipt of the Preservation Notice, may elect to be excluded from the Equity Put Transaction and, instead, shall be required not later than the Equity Put Date to exercise the Warrant portion of all Qualifying Equity held by such Non-Participating Holder.

  • The Company shall publicly announce the results of the Qualifying Equity Offer on or as soon as practicable after the Qualifying Equity Payment Date.

  • At the closing of any Qualifying Equity Financing, the entire outstanding balance of this Note (including principal, interest and any other amounts due hereunder, the "Outstanding Balance") shall, at the sole discretion of Borrower, be either (i) paid in full by wire transfer of immediately available funds or (ii) converted into common stock of Borrower using a conversion price of $2.00 per share (the "Conversion Price").

  • Upon conversion, such Qualifying Equity Securities shall be subject to the rights and obligations set forth in the Articles of Association.


More Definitions of Qualifying Equity

Qualifying Equity means common or preferred equity issued by the Borrowers or issued by a parent of the Borrowers and contributed (or carried over) as equity to the Borrowers having, in the case of preferred equity, terms and conditions reasonably satisfactory to the Administrative Agent but in no event requiring the payment of any cash dividends or other cash distribution of any kind thereon or having any redemption or sinking fund payments due earlier than six months after the last maturity of any Indebtedness under this Agreement or the First Lien Credit Agreement.
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Qualifying Equity means equity which (a) is not redeemable for cash, (b) is not convertible or exchangeable for debt and (c) does not permit any payment of cash dividends at any time prior to the date that is one hundred eighty one (181) days following the indefeasible payment in full of all Obligations, and the termination of the Commitments of the Lenders hereunder.
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Qualifying Equity means any shares, units or interests of equity securities or ownership interests of Astec Industries that by their terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event or otherwise (A) are not convertible or exchangeable for Indebtedness or any securities that are not Qualifying Equity, (B) (i) do not mature and (ii) are not putable or redeemable at the option of the holder thereof, in each case under clause (i) or (ii) in whole or in part on or prior to the date one (1) year after the later of the end of the Term or the actual payment in full in cash of the Obligations, (C) do not have payments of dividends on or prior to the date one (1) year after the later of the end of the Term or the actual payment in full of the Obligations, (D) are unsecured and by operation of law or by legally binding agreement are subordinated in right of repayment, Liens, security and remedies to all of the Obligations and to all of Agent's and Lenders' rights, Liens and remedies, (E) do not have any veto or supermajority voting rights or approval rights with respect to any issues, and (F) are not sold, issued or otherwise transferred in connection with or as a part of a public offering.
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Qualifying Equity means the Value of Qualifying Non-Conforming Loans.
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Related to Qualifying Equity

  • Qualifying Equity Interests means Equity Interests of the Company other than Disqualified Stock.

  • Qualifying week means the 15th week before the expected week of childbirth.

  • Qualifying Event means, during the Participant’s Services with the Company and its Affiliates, the Participant’s death or Disability.

  • Qualifying Income Gross income that is described in Section 856(c)(2) or 856(c)(3) of the Code.

  • Qualifying tax rate means the applicable tax rate for the taxable year for the which the taxpayer paid income tax to a municipal corporation with respect to any portion of the total amount of compensation the payment of which is deferred pursuant to a nonqualified deferred compensation plan. If different tax rates applied for different taxable years, then the “qualifying tax rate” is a weighted average of those different tax rates. The weighted average shall be based upon the tax paid to the municipal corporation each year with respect to the nonqualified deferred compensation plan.

  • Qualifying investment means a capital investment in real property including the purchase price of land and existing buildings, site preparation, building construction, and long-term lease costs. “Qualifying investment” also means a capital investment in depreciable assets.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • New Qualifying Jobs means the total number of jobs to be created by the Applicant after the Application Approval Date in connection with the project that is the subject of its Application that meet the criteria of Qualifying Job as defined in Section 313.021(3) of the TEXAS TAX CODE and the Comptroller’s Rules.

  • Qualifying Acquisition has the meaning specified in Section 5.03.

  • Qualifying job means a permanent full-time job that:

  • Qualifying exigency means a situation where the eligible employee seeks leave for one or more of the following reasons:

  • qualifying person means a person in respect of whom payment has been made from the Fund, the Eileen Trust, MFET Limited, the Skipton Fund, the Caxton Foundation or the London Bombings Relief Charitable Fund;

  • Qualifying Warrants means net share settled warrants to purchase Common Stock that have an exercise price greater than the current Market Value of the issuer’s Common Stock as of their date of issuance, that do not entitle the issuer to redeem for cash and the holders of such warrants are not entitled to require the issuer to repurchase for cash in any circumstance.

  • Qualifying contribution means, with respect to a

  • Disqualifying Event has the meaning specified in the definition of Eligible Currency.

  • Qualifying Debt means amount due, which includes interest or any other sum due in respect of the amounts owed under any contract, by the debtor for a liquidated sum either immediately or at certain future time and does not include—

  • Qualifying Transaction means a transaction where a CPC acquires Significant Assets, other than cash, by way of purchase, amalgamation, merger or arrangement with another Company or by other means.

  • Qualifying Shares means shares of Common Stock which either (i) have been owned by the Grantee for more than six (6) months and have been “paid for” within the meaning of Rule 144 promulgated under the Securities Act, or (ii) were obtained by the Grantee in the public market.

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

  • Qualifying Notes means, at any time, any securities (other than the Notes) issued directly or indirectly by the Issuer:

  • qualifying interest means the aggregate interest, discount or original issue discount receivable by a resident individual in any year of income

  • New Non-Qualifying Jobs means the number of Non-Qualifying Jobs, as defined in 34 TEXAS ADMIN. CODE Section 9.1051(14), to be created by the Applicant after the Application Approval Date in connection with the project which is the subject of its Application.

  • Qualifying Securities means securities issued by the Issuer that:

  • Qualifying student means a student who is an exceptional needs child, a South Carolina resident, and who is eligible to be enrolled in a South Carolina secondary or elementary public school at the kindergarten or later year level for the applicable school year.

  • qualifying entity shall have the meaning set forth in Section 5.2.13(b) hereof.

  • Qualifying child means an individual who: